This product is a short term loan which the members gets almost instantly and is not pegged on the member’s deposit.

Requirements

1. Loans are repaid within a period of 5 months.
2. The Interest rate is at 25% and lumped up with the Loan applied.
3. Loan application must be supported by members latest pay slips.
4. The Loan must be fully secured by guarantors.
5. An insurance fee of 1% shall be charged on the Loan amount approved.
6. Form fee of ksh 50 will be charged on all loan products which may change from time to time.
7. No member shall have more than one pink Loan at one time.